[LookoutBelow]

Either pony up the dinero to short sale the bitch (smartest move) or bend over and kiss your credit goodbye (bad move)….or swallow 650 per mo negative for the rest of your adult years (the worst move) …..The light you thought you saw at the end of the tunnel 3 years ago was the proverbial train……Believe us now ?…..you'll see, there really is a BOGEYMAN hiding under your bed….its a jungle out there, the tab for your supposed "free lunch" just came due 

Good luck and good night

[LookoutBelow]

delusional, stupid or both. 

I'm going to add this to my already extensive use of the vocabulary and colloquialism…

[LookoutBelow]

Maybe consider what your pay will actually be after you factor in your 8 hours "stuck" in traffic daily commute, the time equivalent of another day of work.  Most people see the reality of it as a pay CUT after all is considered

And dont forget all the other immediate additional expenses you'll have to bear once residing in "Sunny So Cal" ….welcome to the land of the working poor. How about 3.55 per gallon ? We are off the charts on the national fuel costs surveys….don't expect it to be mentioned in any of the national news stories though…..you'll get to find out all the little "neat" things that living here includes on your own…It only takes about 6 months to realize the absurdity of it all and the reason your going broke with MORE monthly income

 

Welcome home 

[LookoutBelow]

When pigs fly…..

[LookoutBelow]

The first clue that it was "cooked numbers" is the fact the NAR had anything to do with it….Does anybody ever actually believe this crap anymore ?….I mean you'd have to be living under a rock for the last 6 months to not have seen this coming….you'd also think they would have at least heard about the housing bubble  ….

 

Another one of those things that make you go Hmphh.… 

[LookoutBelow]

Its not "investing" anymore…. its GAMBLING !

 

A sucker is born every minute.  

[LookoutBelow]

I think you maybe got your websites confused here….this isnt the NAR's site, you must be kidding….buy ?

I would gather your new promotion isnt one that involves economics and good financial judgment

[LookoutBelow]

I have a friend who has 2 condo's in HI…One in Honolulu and the other on the big island (hawaii)….he's losing his ass on both of them right now. Cannot rent them for what is even close to his mortgage payments. Cant sell either for what he owes on them…too much competition in the sales, its an upside down market

[LookoutBelow]

I think your going to see a lot of THAT in the future, hell, they're going to screw over their credit even if they cough up the shortage, so live rent free and save, they're gonna need it after the bank is done with their credit

[LookoutBelow]

Just wait…this sub prime and prime implosion will make Enron look like a personal bankruptcy when its all said and done.

 

 

[LookoutBelow]

Apologies…I just saw the previous post from Diego Mamani….We think alike ! which confirms your superior astuteness…(LOL)

[LookoutBelow]

She has got her tit caught in the ringer, she's overloaded, typical bloated speculator …..She is not the person you want to negotiate with…the BANK is who you negotiate with after they foreclose on it, THEN they will be willing to entertain some SERIOUS low ball offers…..

Whats the hurry ? Its only going to get better.

[LookoutBelow]

He neglects to understand that living "right here" in SoCal is still wonderful…as long as you didnt buy anything in the last 3-4 years…..Amarillo ? ….Pleeeease…..

[LookoutBelow]

Trainer ? like in "Physical work out trainer" ?

 

Well, if a worker in that UN-lucrative field is still able to qualify for a home loan (arm) then we have NOT reached the bubble peak.

 

Anybody that purchases at the "top of the market" is a fool, anybody that does this AND knows he's doing this is psychopathic.

Emotional reasons such as "I hate to rent" or "Im buying for my 3 yr old daughter" are some of the ways that people are led to financial slaughter. ..Rational people have made a bunch of money before off of other people's  irrational decisions to buy and own things, this is how low brow emotional buyers are quickly relieved of their money

[LookoutBelow]

What's in a word ?

 

It would seem to me that a person that has a 950K mortgage and only makes 65K per year and barely making ends meet, (although he may have good credit at the time of original loan placement) would quickly become SUB-prime if his mortgage "resets" with a 45% increase in monthly debt service……

 

So what is a "sub Prime" loan really ?

 

If the terms and conditions of the ARM loan can be "Adjustable" then should the characterization of SUB prime be "Adjustable" too ?

 

Alt-A is taking losses now. (as we knew would happen)

Lets see how they pull a rabbit outta their asses on this one ! ……They are good, we'll see just how good soon

 

[Author]

Posts